US approves possible sale of $5.4 billion in PAC-3 missiles to Saudi Arabia

The US State Department has approved the possible sale to Saudi Arabia of $5.4 billion in additional PAC-3 missiles built by Lockheed Martin Corp , the Pentagon said on Wednesday. The Defense Security Cooperation Agency said the sale would benefit a key US partner in the Middle East. Notification to Congress was sent on Tuesday and follows a major nuclear deal with Iran. The missile sale approval could help reassure Saudi Arabia about the U.S. commitment to its security.